The latest advice on GST payments to Tasmania released by the Commonwealth Grants Commission today is good news for the State.
The advice suggests Tasmania will receive an additional $55 million in GST revenue in 2017-18, compared to the forecast in the Revised Estimates Report released in February this year.
However, it pays to be careful with forecasts like this.
No doubt Labor will want us to spend the money before we actually get it. It’s that sort of mismanagement that saw Labor and the Greens deliver the biggest budget deficits in Tasmanian history.